Michael Saylor, co-founder of MicroStrategy, has hinted at further Bitcoin acquisitions for the company. On November 24, Saylor posted on X (formerly Twitter) about MicroStrategy's plans after raising $3 billion on November 22.
The recent funding round is expected to fuel new Bitcoin purchases, as indicated by Saylor's remarks. The company's portfolio tracker, SaylorTracker, features green dots representing each Bitcoin acquisition by MicroStrategy. These comments align with previous announcements of large Bitcoin acquisitions by the company.
MicroStrategy's recent $3 billion funding, raised through convertible debt, might support additional Bitcoin purchases. The convertible notes, sold to institutional investors, are set to mature in 2029 and include a 55% premium. This fundraising aligns with the company’s "21/21" initiative, aiming to raise $42 billion over three years.
MicroStrategy is the largest public Bitcoin holding entity, with 331,200 BTC worth over $32.7 billion. Saylor emphasized that the company's operations benefit significantly from Bitcoin holdings, generating a yield of 41.8% year-to-date, equivalent to about 246 BTC daily.
This Bitcoin-centric strategy has positively impacted MicroStrategy's stock, with MSTR shares rising over 515% this year. Saylor highlighted that the firm optimizes its Bitcoin holdings by reducing risk and volatility to enhance shareholder value.
